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  1. Main
  2. Economy

Economy

World stocks, euro, oil jump as EU summit delivers World stocks, euro, oil jump as EU summit delivers World stock markets surged Friday, the euro jumped against the dollar, and oil prices rocketed after a key EU summit delivered surprise emergency measures to fight the eurozone debt crisis.
01 July 2012
Kazakhstan completes acquisition of a 10% stake in Karachaganak Kazakhstan completes acquisition of a 10% stake in Karachaganak As a result of the deal the ownership structure looks as follows: BG Group holds 29.25%, Eni 29.25%, Chevron 18%, LUKOIL 13.5%, with the Kazakhstan Government holding the other 10%.
28 June 2012
President Nazarbayev called KazMunaiGas to improve analysis and forecasts President Nazarbayev called KazMunaiGas to improve analysis and forecasts KazMunaiGas oil and condensed gas production in 2011 totaled 21.1 million tons. Plans are to produce 21.9 million tons in 2012.
27 June 2012
Kazakhstan to export another 3.8 million tons of grain before the end of September Kazakhstan to export another 3.8 million tons of grain before the end of September As of today the nation has exported over 11 million tons.
26 June 2012
Kazakhstan almost caught up with United States in fuel prices Kazakhstan almost caught up with United States in fuel prices Kazakhstan's fuel prices are approaching the ones in the U.S.
26 June 2012
Fuel prices to go down in Kazakhstan on July 1 Fuel prices to go down in Kazakhstan on July 1 Kazakhstan is set to drop its fuel prices.
26 June 2012
Marchenko believes fuel prices drop possible Marchenko believes fuel prices drop possible Head of Kazakhstan National Bank believes that the fuel prices in Kazakhstan have to go down amid the global oil prices drop.
26 June 2012
2013 budget cuts are likely: Massimov 2013 budget cuts are likely: Massimov Prime-Minister Karim Massimov told the Parliament that Nursultan Nazarbayev had instructed to consider "a negative scenario for 2012".
25 June 2012
Mobile telephony and fixed Internet grew by 1/3 in 2011 Mobile telephony and fixed Internet grew by 1/3 in 2011 The Internet services industry grew by 53,2% as compared to 2010, with Internet services to households growing by 75.7%.
25 June 2012
TENGRI LIFE
TENGRI TRAVEL
ArcelorMittal Temirtau coalmen got 10-percent pay raise ArcelorMittal Temirtau coalmen got 10-percent pay raise The agreement with Korgau trade union was signed on June 19, 2012.
25 June 2012
No additional financing for Kazakhstan's construction sector: Nazarbayev No additional financing for Kazakhstan's construction sector: Nazarbayev Kazakhstan President explained to the businessmen asking him for money that the money belong to the people.
24 June 2012
Kazakhstan banks complained of unequal competition to Nazarbayev Kazakhstan banks complained of unequal competition to Nazarbayev Some of the foreign banks are controlled by their countries and enjoy support of their parent banks with ratings higher than those of Kazakhstan banks: expert.
22 June 2012
President suggests using the National Oil Fund to support S&MBs President suggests using the National Oil Fund to support S&MBs The National Fund of Kazakhstan was created in 2000 as a stabilization fund that accumulates windfall revenues from oil sales and ensures the economy of Kazakhstan will be stable against the price swings of oil.
22 June 2012
Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev Share of banking services offered by foreign banks shouldn’t exceed 30%: President Nazarbayev According to him, the Government and the National Bank should take into consideration that local banks not always enjoy the same competitive advantage as foreign ones.
22 June 2012
Marchenko is against agricultural bank in Kazakhstan Marchenko is against agricultural bank in Kazakhstan National Bank's chairman Gregory Marchenko told the senators his opinion of the prospect of creation of the agricultural bank in Kazakhstan.
21 June 2012
London housing is most popular among Kazakhstan buyers London housing is most popular among Kazakhstan buyers Kazakhstan buyers are mostly interested in the real estate in Great Britain, UAE, Bulgaria and France.
21 June 2012
KazMunaiGas will spend $3 billion on geological exploration in 5 years KazMunaiGas will spend $3 billion on geological exploration in 5 years KazMunaiGas will invest 500 billion tenge into geological exploration of promising blocks in the nearest 5 years.
20 June 2012
BTA Bank started negotiations over restructuring of its debts BTA Bank started negotiations over restructuring of its debts BTA is expecting arrival of the creditors commission in Almaty for a meeting to discuss results of due diligence next week.
18 June 2012
Two-thirds of managers are ready to leave Kazakshtan for interesting job Two-thirds of managers are ready to leave Kazakshtan for interesting job 65% of Kazakhstani managers will leave the country for a more interesting job, according to the opinion poll of Antal Kazakhstan recruiting company.
14 June 2012
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